Friday, December 30, 2011

The whole derivatives market will cease to exit - Marc Faber

marcfaberchannel.blogspot.com/

Marc Faber : “I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don’t know: you can postpone the problems with monetary measures for a long time but you can’t solve them… Greece should have defaulted – it would have sent a message that not all derivatives are equal because it depends on the counter-party.” - in Reuters interview